The dealer behind the WCT token is truly worth studying, as the trend of WCT aligns very well with the tactics of the 'North American Strong Dealer' faction.
1. All-Star Lineup Start
$WCT was initially pre-sold on a competitor's exchange at 0.2 per token. At that time, it was thought to be just another small coin, as it wasn't in a popular field and had no connection to AI or Layer 1.
However, unexpectedly, after a period of silence, it directly listed on Binance's spot market, and also on South Korea's Upbit; this is where we can initially see clues, discovering that the dealer and team behind this project are not to be underestimated.
2. Continuous Price Breakthrough
In fact, the airdrop plus the portion provided by the exchanges for market making is not small, but with strength on display, they can still sustain the rally (the price is already 2x the opening); however, at this point, the dealer is already plotting a bigger strategy...
3. ATH Explosive Short
Finally, the dealer gathered enough chips, starting in late May to rise on the increase list, and it ranked for several days, sparking a frenzy of discussion among plaza users about this token. With the hype generated, the short-sellers also followed, but the spot is still in the dealer's hands...
4. Vertical Waterfall
As the short-sellers were continuously forced to cover their shorts and converted into fuel by the dealer, the dealer finally felt the time was right and began to dump everything, causing a massive crash that day. Moreover, North American strong dealers will abandon the market completely, resulting in the price never recovering.
Now, in a certain sense, the WCT token is already without a dealer, but perhaps Binance is the last dealer, who knows? @WalletConnect #WalletConnect